The world’s largest steel producer and exporter, China, is actively contemplating adding more curbs to halt environment pollution which, most likely, will reduce its steel output and dampen exports. That’s good news for some of China’s neighbors steel-producing rivals, India and Japan. Stop obsessing about the actual forecasted steel price. It’s more important to spot […]
Category: Metal Prices
Week in Review: Stainless demand; global crude steel production; tin prices
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including stainless demand, a drop in global crude steel production and much more: We know what you should be paying for metals — MetalMiner should-cost models are the ultimate savings […]
Elevated US Midwest aluminum premium is here to stay
A recent post from the Russian news agency Interfax paints a predictably conciliatory line on the impact of Russia’s export tariffs on RUSAL. The post faithfully reports RUSAL’S complaints that the introduction of export duties will make some of the group’s export supplies unprofitable. It add that it may force the company to mothball a […]
This Morning in Metals: US GDP rises by estimated 6.5% in Q2
This morning in metals news: according to the Bureau of Economic Analysis, U.S. gross domestic product rose by an estimated 6.5% in the second quarter; meanwhile, the American Iron and Steel Institute (AISI) commented on the Biden administration’s infrastructure deal; and, lastly, copper prices have found some support this week. MetalMiner should-cost models: Give your […]
How much should a city trash can really cost?
Walk down just about any major city in the United States and, eventually, you’ll walk past a city-installed garbage can. Maybe you’ll see a classic black trash receptacle, with the black vertical paneling and open top. Or, maybe, you might see a trash receptacle with a top-side lid that opens and closes (like you might […]
Tin prices soar to record levels
Tin prices have soared to a record high on the LME, closing last week at $34,177 per metric ton. The closing price marked an increase of 12.56% month over month. As we’ve noted in previous reports, increasing consumer demand for electronics has supported the tin price. Tin is also used a solder for joining pipes […]
US steel imports jump 13% in June
U.S. steel imports reached an estimated 2.6 million metric tons in June, the Census Bureau reported today. The total marked a jump of 13% from the 2.3 million metric tons the U.S. imported in May. US steel imports rise Furthermore, through May, U.S. steel imports totaled 10.7 million metric tons, up 7% from 10.0 million […]
Week in Review: Exchanges tackle electrification; HRC momentum slows; MW premium hits record
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including competition between the COMEX and LME vis-á-vis electrification, consolidating copper prices, the upcoming MetalMiner 2020 Forecasting Workshop and much more: Each month, MetalMiner hosts a webinar on a specific […]
Aluminum Midwest Premium hits record high
As if aluminum buyers didn’t have enough to contend with, including long mill lead times and rising conversion premiums, they are also dealing with a rising Midwest premium. Furthermore, Russia’s move to impose a 15% export tax on unwrought aluminum has had a profound impact on the Midwest delivery premium. Are you ready for your […]
This Morning in Metals: Copper prices stabilize after cooling
This morning in metals news: copper prices have stabilized over the last month; U.S. natural gas prices have surged to their highest level since 2014; and, lastly, Cleveland-Cliffs released its second-quarter results. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop […]